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ELE - Elmore Ltd

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Re: NSL - NSL Health

No one interested in this stock anymore? Probably a safe bet if the following information below (posted somewhere else recently) is accurate:

'My sources may be good or they may be wrong I just need someone to investigate this for me if they are interested.

NSL are about to get a capital injection from an Indian company to the tune of $300 million AUD,the funds are imminent. They are coming through a company called Jayace located in Bangalore India.

The funds will be managed by David Catsoulis (who was in quite a bit of trouble at one time) and Jaydeep Biswas - some say Catsoulis is not involved with NSL any more, some say he is. I thought I saw Jaydeep Biswas mentioned as a director of NSL at one stage

The funds may indeed not be going to NSL but a new company run by the above 2 guys - it could be called World Exploration and Mining PL. If it is NSL the shares will fly won't they - I don't know

I will not reveal my sources and will remain anonymous'

Does anyone know anymore about the $500k loan NSL is still legally chasing, after the failure of the mine purchase deal with Kingsway Pty Ltd? Where did it go? I hear the same two people mentioned above may be able to shed some light on it. I am very suspicious that there still isn't a project announced for all the hot air that is going around about this spekkie. It happened with Austind-NSL, IOH-NSL and continues to happen. Is Indian Resources and Winteray Investments? (which Biswas is a director of) involved with NSL now? Lots of questions - love a few answers.
 
Re: NSL - NSL Health

LOL!! Thats all that can be said. Who would seriously believe that.

Why would someone give a micro cap >$500 mill when they could just launch a takeover for less than a 10th of that. I think you should stick to the forums where they allow this sort of crap to be posted without questioning. Your 'friend' obviously does that with his 'anonymous' sources.

LOLOLOL
 
Re: NSL - NSL Health

Fair enough. That sort of laughable money does often get thrown up by these characters though, as ridiculous as it might seem, and Biswas' mob Winteray are in the business of getting money out of people for 'investment'. That aside, what about all the other stuff?
 
Re: NSL - NSL Health

HAAAAHAHAHAHAAHHAAHHAHAHAAHAHA

$500m


HAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHH

I just laughed out loud in my office. And am going to get in trouble for sure, but thank you for the best laugh i've had all week.
 
Re: NSL - NSL Health

I'm interested in the $500,000 loaned by NSL and the names involved in the background still. Anyone know if they are involved in the latest NSL stuff?
 
Re: NSL - NSL Health

I know there are a lot of dodgy characters behind this stock, there's so much shareholders are probably unaware of, so good luck .. keep on HAHAHAHAing. Couldn't be bothered trying to warn anymore. Find out the hard way that you need to DYOR. See ya.
 
EGM on 15 December 2009

For those still following NSL, the company is holding an EGM on 15 December 2009, as per ASX announcement. Hopefully shareholders might get some insight on the future direction of this company as to its IO play in India.
 
Re: NSL - NSL Health

Still holding a bunch of free rides and saw they were unpriced for a while...

1 for 5 price about market atm...

Thoughts anyone?
 
Re: NSL - NSL Health

We are new to here and were wondering if anyone would any further news on NSL ? Is there a light at the end of this tunnel?

Thanks
 
Re: NSL

Tortle said:
We are new to here and were wondering if anyone would any further news on NSL ? Is there a light at the end of this tunnel?

Thanks
Click to expand...

Whats need is announcements like today but time will tell how that market reads it.
 
MC - $17.5m
SP - 5.1c
Shares - 352m
Options - Nil quoted
Cash - $1.45

TRADING HALT
NSL requests a trading halt effective immediately, pending the release of an announcement in relation to a funding and product marketing arrangement.
The Company requests the trading halt last from the receipt of this request until the release of the announcement. In any event, no later than the commencement of trading on Wednesday 8th August 2012.

JUNE QUARTER HIGHLIGHTSIRON ORE - INDIA
• Successful plant full load test for Phase 1 Kurnool iron ore plant
• First saleable beneficiated iron ore produced, iron ore being stockpiled for sale
• Iron ore grades of up to 58% achieved on dry separation circuit
• Mining and stockpile generation commences at Mangal mine
• Transition from construction power to operating power completed
• First ex gate iron ore sales achieved to domestic customer

THERMAL COAL - QUEENSLAND
• Native title and Cultural Heritage agreements completed for EPC’s 2198, 2336 and 2338
• EPC 2198 grant awaiting Ministerial approval, first year’s rent and financial surety payments completed

3Q 2012 OUTLOOK
• Phase 1 Kurnool iron ore plant to ramp up towards an anticipated 200,000 tonnes per annum nameplate capacity
• Generating meaningful cash inflows during the quarter, with strong domestic prices and low ex gate costs
• Grant of Exploration Permit for Coal EPC 2198

POTENTIAL ACQUISITIONS
During the quarter, the Company continued to assess complementary new bulk commodity mining opportunities to expand our potential production base in Andhra Pradesh. These assessments remain ongoing.
The Company continued to progress several opportunities for either outright acquisition and/or joint venture farm in structured agreements over multiple projects across India and Australia.
 

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On July 17th, 2018, NSL Consolidated Limited (NSL) changed its name and ASX code to IndiOre Ltd (IOR).
 
On July 12th, 2019, IndiOre Ltd (IOR) changed its name and ASX code to Elmore Ltd (ELE).
 
No posts since name change over 2 years ago. ELE's Principal Activity is the assessment, development and processing of mineral projects in Australia.

I'm tipping ELE in the December Monthly Comp mainly by looking at the chart. It was getting late and I had to pick something, so seen this, it's a cheap stock and it could jump up resulting in a good % move.
Some higher volume of late, so a bit of interest but it could be just a few traders picking some up to hold for a while. I need them to keep it going up for this month .
The news below indicates all is basically organized, ready to operate and bring in some cash. If that pushes the price up this month I'll just have to wait and see. ?

Market Update: Peko Project Progress Report - November 30th, 2021

• Rail agreement executed with OneRail matching initial planned production volume from Peko Iron project utilising the existing intermodal service
• Darwin port access and minerals storage lease contracts have been finalised for execution, providing certainty over product storage and handling prior to shipping
• ICA Mining’s creditors have all executed agreements to novate their debts, satisfying the agreement between Elmore and ICA Mining (ICA), securing the key plant equipment items and allowing ICA to be released from external Administration
• Prefabricated structures and equipment is steadily arriving on site, with fabrication of all remaining items nearing completion and scheduled to be mobilised to site this week.
• Key management personnel are on-site in preparation for plant construction and commissioning.
• Completion of commissioning remains on schedule to be achieved prior to the end of the calendar year, with first train of magnetite for Darwin Port being planned for January 2022.

 
Elmore (ELE) raised capital ($3mill @0.02) to pay for Stage 1 of the Peko magnetite production and a new ball mill for another project (Territory Mining). Good use of funds as the Peko construction is almost complete. The magnetite production should produce good cash flow for Elmore soon.

This chart has snuck under my guard as the daily trading volumes have been too low. Price has broken above the 0.026 resistance on Friday. This no doubt brought it to @tech/a 's notice as well as mine. I'm hoping to buy this a little cheaper soon.

 
Elmore announced that commercial production of the Peko magnetite has commenced. This Aussie battler has done well to construct the plant in trying conditions over the past year. ELE will work on increasing the plant working hours to 24hr/d.
 
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